Commission approves the acquisition of equity shares amounting to 14.286% of the Aditya Birla Housing Finance Limited by the Indriya Limited.
https://cci.gov.in/combination/press-release/details/641/0
The Proposed Combination envisages acquisition of equity shares (by way of preferential issue on a private placement basis) amounting to 14.286% of the post-issue paid up equity share capital of the Aditya Birla Housing Finance Limited (Target), on a fully diluted basis by the Indriya Limited (Acquirer).
The Acquirer is an investment holding company. Currently, it does not have any operations in India.
The Target is a housing finance company in India, registered with the National Housing Bank as a non-deposit accepting housing finance company, and is engaged in the business of providing home loans, loans against property, construction finance loans, and lease rental discounting loans.
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Shweta Verma
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